Capital B Buys 192 BTC After $20M Raise as Treasury Strategy Accelerates

Adam Back Joins Capital B Funding Round arsenic Company Accelerates BTC Strategy

Capital B, the French institution formerly known arsenic The Blockchain Group, has expanded its bitcoin reserves with the acquisition of 192 BTC valued astatine astir $15 cardinal (€13 million), continuing an assertive treasury strategy backed by organization investors including Blockstream CEO, Adam Back.

The acquisition follows a bid of superior raises finalized this week that brought successful astir $20 cardinal (€17.15 million), according to the company’s official statement. Capital B said the proceeds were deployed arsenic planned toward further bitcoin purchases.

The financing bundle included aggregate components, with the largest information of $17.9 cardinal (€15.2 million) secured done a backstage placement of much than 23 cardinal shares bundled with warrants. The placement attracted a radical of organization investors, including Adam Back and TOBAM.

Following the latest purchase, Capital B’s full bitcoin holdings person risen to 3,135 BTC. The institution said those holdings were accumulated astatine a full acquisition outgo of astir $330 cardinal (€283.6 million), implying an mean acquisition terms of $105,249.

Capital B rebranded from The Blockchain Group successful July 2025 arsenic it shifted toward a dedicated bitcoin treasury strategy, joining a increasing database of nationalist companies utilizing equity markets to accumulate integer assets.

The institution besides disclosed interior show metrics tied to its bitcoin strategy. Year to date, it reported a BTC output of 1.82% and a quarterly output of 1.09%. Bitcoin-related gains totaled 51.3 BTC for the twelvemonth and 31.4 BTC for the quarter.

The determination reflects the continued emergence of bitcoin treasury companies successful Europe, mirroring a exemplary popularized successful the United States by firms specified arsenic Strategy.

Capital B’s latest acquisition comes arsenic publically traded firms progressively vie to physique ample bitcoin reserves arsenic portion of broader equilibrium expanse strategies. For supporters, the attack offers leveraged vulnerability to bitcoin appreciation done nationalist equity markets. Critics, however, proceed to pass that specified strategies tin permission firm equilibrium sheets highly exposed to crypto terms swings.

Still, Capital B appears committed to deepening its position. With much than 3,100 BTC present connected its equilibrium sheet, the institution is positioning itself among Europe’s astir salient publically listed bitcoin treasury firms.